LONDON, Dec 1 - European gasoline prices rose on
Tuesday, tracking gains in crude oil prices, while the spot export opportunities to the United States and demand from elsewhere have remained thin. "There are no opportunities for the arbitrage... it is limited to term flows," one gasoline trader said. In contrast, the naphtha market strengthened due to the recent rise in demand from Asia, with the prompt swaps' crack
remaining positive for a second day.
Tuesday, tracking gains in crude oil prices, while the spot export opportunities to the United States and demand from elsewhere have remained thin. "There are no opportunities for the arbitrage... it is limited to term flows," one gasoline trader said. In contrast, the naphtha market strengthened due to the recent rise in demand from Asia, with the prompt swaps' crack
remaining positive for a second day.
